Union Bancaire Privee UBP SA acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 10,844 shares of the real estate investment trust’s stock, valued at approximately $278,000.
Several other institutional investors have also recently made changes to their positions in HASI. Dimensional Fund Advisors LP boosted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 81.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 83,561 shares of the real estate investment trust’s stock worth $2,473,000 after purchasing an additional 37,465 shares during the period. Xponance Inc. purchased a new position in Hannon Armstrong Sustainable Infrastructure Capital during the second quarter valued at $210,000. Marshall Wace LLP grew its stake in Hannon Armstrong Sustainable Infrastructure Capital by 107.0% during the second quarter. Marshall Wace LLP now owns 183,305 shares of the real estate investment trust’s stock valued at $5,426,000 after acquiring an additional 94,751 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the 2nd quarter valued at $1,285,000. Finally, AQR Capital Management LLC lifted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 1.6% in the 2nd quarter. AQR Capital Management LLC now owns 24,262 shares of the real estate investment trust’s stock worth $718,000 after purchasing an additional 392 shares in the last quarter. Hedge funds and other institutional investors own 96.14% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on HASI shares. StockNews.com downgraded Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. lowered their target price on Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Bank of America began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Monday, November 25th. They set a “buy” rating and a $40.00 price target on the stock. Citigroup raised shares of Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Wednesday, January 8th. Finally, The Goldman Sachs Group decreased their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.25.
Insider Activity
In related news, CFO Marc T. Pangburn acquired 3,500 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was bought at an average price of $28.71 per share, for a total transaction of $100,485.00. Following the acquisition, the chief financial officer now directly owns 56,791 shares of the company’s stock, valued at $1,630,469.61. This represents a 6.57 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.00% of the company’s stock.
Hannon Armstrong Sustainable Infrastructure Capital Trading Down 2.2 %
Shares of NYSE HASI opened at $27.28 on Wednesday. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a fifty-two week low of $22.59 and a fifty-two week high of $36.56. The company has a debt-to-equity ratio of 1.78, a quick ratio of 13.55 and a current ratio of 13.55. The company has a market cap of $3.23 billion, a price-to-earnings ratio of 15.32, a PEG ratio of 1.00 and a beta of 1.94. The business’s 50 day moving average price is $28.48 and its 200-day moving average price is $31.21.
Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Monday, December 30th were given a dividend of $0.415 per share. The ex-dividend date was Monday, December 30th. This represents a $1.66 annualized dividend and a dividend yield of 6.09%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is 93.26%.
Hannon Armstrong Sustainable Infrastructure Capital Profile
Hannon Armstrong Sustainable Infrastructure Capital, Inc, through its subsidiaries, engages in the investment in energy efficiency, renewable energy, and sustainable infrastructure markets in the United States. The company's portfolio includes equity investments, commercial and government receivables, real estate, and debt securities.
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